Wondering what Orlando bookkeeping is and how it can help your small business? We’re explaining what you need to know– from what bookkeeping is to how you can get started with KEM Business Solutions.
What is Orlando Bookkeeping?
In short, bookkeeping is the process of recording and organizing financial transactions. Different industries have different processes, but in the end, all financial activity affects at least two accounts.
Bookkeeping is the financial foundation that allows business owners to make informed decisions. Most business owners are interested in growing their business, but before discussing growth strategy, you need to make sure the bookkeeping is up-to-date and accurate. Bookkeeping services can range from setting up accounting software, allocating bank and credit card activity, reconciling bank and loan accounts, establishing a system to bill your clients and/or pay your vendors, and providing financial statements. This list is by no means all-inclusive but it is what we would call a “basic” list of bookkeeping services.
You might need Orlando bookkeeping services if you want more time to dedicate to your business and less time worrying about accounting! We recommend hiring professionals to process your financial transactions to make sure everything is in place for your business records.
You might also benefit from Orlando bookkeeping services if you want to scale your business, sell your business, take on a partner, or if you are looking for investors. Bookkeeping is who does the talking when you are are not there to explain the way your business operates. Accurate financial reports will translate into positive results when comparing your business to key performance indicators. And if the comparison is not favorable, it will shed light on the areas the business needs to improve to be competitive. These are just a few of many Orlando bookkeeping services we offer, so please contact us if your business might benefit and we’ll be happy to help you get started.
How Do We Get Started?
One of the first steps we follow with our bookkeeping services is to find out more about your business. We’ll ask for general information, such as how you started your business, what your goals are (financial and otherwise), what your existing Orlando bookkeeping process is, what you would like to have in your bookkeeping service that is currently missing, what your existing pain points are, and other related questions.
Once we understand your current bookkeeping process and your goals, then we create a plan customized specifically for your business and the results you want to see.
Ready to Get Started With Your Orlando Bookkeeping?
Now that you have a basis for your Orlando bookkeeping, schedule a consultation with us today. We’re here to help your business bookkeeping, and we look forward to speaking with you!